India Crawler Excavator Market Size to Reach Volume of 34,366 Units by 2027 – Arizton

In-depth analysis and data-driven insights on the impact of COVID-19 included in this India crawler excavator market report.

The India crawler excavator market is expected to grow at a CAGR of over 5.41% during the period 2021−2027.

Key Highlights Offered in the Report:
1. According to the Indian government's projections, the nation would need USD 4.5 trillion in infrastructure spending by 2040. Government of India’s ambitious project to hugely invest in infrastructure development, railways, roads and highways, rural electrification, water supply, and irrigation, airports, education, and health is expected to push the crawler excavator market.
2. After the service sector, construction is the second largest sector with foreign direct investment inflow. To increase the inflow of FDI into the construction sector, Government of India has eased foreign investment rules. This is likely to drive the growth of the earthmoving and construction equipment market.
3. Government of India has allocated INR 83,016 crore (USD 11,460 million) toward road transport and highways. In terms of construction permits, India has improved its position from 184 in 2014 to 27 in 2019. This improvement is mostly due to a reduction in the number of procedures and the time taken to secure construction licenses in India.
4. The government of India is making an investment of INR 6,000 crore (USD 816 million) in National Infrastructure Investment Fund (NIIF) for the next two years to support infrastructure growth in the country.

Key Offerings:
• Market Size & Forecast by Revenue | 2021−2027
• Market Dynamics – Leading trends, growth drivers, restraints, and investment opportunities
• Market Segmentation – A detailed analysis by products, end-users, format, distribution, and geography
• Competitive Landscape – 10 key vendors and 6 other vendors

Get your sample today! https://www.arizton.com/market-reports/india-crawler-excavator-market-opportunities-assessment-forecast

India Crawler Excavator Market – Segmentation

• India’s mini crawler excavator market is expected to reach 1,650 units by 2027, growing at a CAGR of 3.37%. The demand for mini excavators has been modest. However, it is expected to gain popularity as they are feasible to transport due to their small size and light weight. They have a larger scope and can operate in small spaces.
• Ongoing mining expansion, less production cost of steel and aluminum, and rise in oil demand is helping the mining industry in India. The country is planning to increase the capacity of steel production to 300 million tons by 2030-31 from 134.6 million tons in 2017-2018
• India’s 6 tons)
• Small (6-15 tons)
• Medium (15-30 tons)
• Large (above 30 tons))
India Crawler Excavator Market by Application
• Construction
• Mining
• Agriculture
• Forestry
• Others
India Crawler Excavator Market by Gross Power Output
• 61-101 HP
• 102-200 HP
• >201 HP

India Crawler Excavator Market – Dynamics

The Indian crawler excavator rental market is very small as compared to the other parts of the world. Valued at USD 76 million in 2020, it is expected to reach USD 165 million in 2027. The equipment rental market comprises around 7-8 organized players along with some OEMs and several small players from unorganized sectors. Dominance of unorganized players has resulted in non-standard rental rates, payments, and terms of the contract. Rental rates pre-covid witnessed a downward trend due to influx of equipment. Companies maintained their revenue levels through long-term deployment contracts, reduced operation cost, and improved up time of machinery. Global supply chain interruption due to COVID-19 and similar scenario consideration is bound to result in the burgeoning demand for rental equipment. Leasing or renting also helps in shielding market fluctuation.

Key Drivers and Trends fueling Market Growth:
• Increasing government expenditure on construction projects
• Increasing acceptance of India as a manufacturing hub
• Focus on waste management providing huge returns
• Growing demand for green buildings to trigger the need for fuel efficient, lower emission crawler excavators

Get your sample today! https://www.arizton.com/market-reports/india-crawler-excavator-market-opportunities-assessment-forecast

Major Vendors
• Tata Hitachi Construction Machinery (THCM)
• Bharat Earth Movers Limited (BEML)
• Komatsu
• JCB
• Doosan Excavator
• Caterpillar
• SANY
• Volvo Construction Equipment
• Kobelco Construction Equipment India
• Hyundai Construction Equipment

Other Prominent Vendors
• LeeBoy
• Sumitomo Construction Machinery
• Xuzhou Construction Machinery Group Co., Ltd. (XCMG)
• Kubota Machinery
• Ingersoll Rand
• Liebherr Group

Looking for more information? Click Here https://www.arizton.com/market-reports/india-crawler-excavator-market-opportunities-assessment-forecast

About Arizton Advisory & Intelligence

Arizton Advisory and Intelligence is an innovation and quality-driven firm, which offers cutting-edge research solutions to clients across the world. We excel in providing comprehensive market intelligence reports and advisory and consulting services.
Arizton has gained a paramount standpoint in the market research arena as it offers top of the line solutions to clients to assess market landscape and to finalize fool proof business strategies. We are committed to provide inclusive market research reports and consulting services to clients from diversified industries including –Consumer Goods & Retail Technology, Automotive and Mobility, Smart Tech, Healthcare and Lifesciences, Industrial Machinery, Chemicals and Materials, IT and Media, Logistics and Packaging
Arizton comprises a team of exuberant and well-experienced analysts who have mastered in generating incisive reports. Our specialist analysts possess exemplary skills in market research. We train our team in advanced research practices, techniques, and ethics to outperform in fabricating impregnable research reports.

Arizton Advisory & Intelligence
Chicago, Illinois, 60605
Mail: enquiry@arizton.com
Call: +1-312-235-2040/+1 302 469 0707

This release was published on openPR.